The prices in real estate in Bedford, in the Texas region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Bedford has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $363. In the following month the price per sq.feet decreased considerably to $133. The price for the following two months in (July, August) had a considerable decrease of 59 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 76 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $196.75 to $149.5 during September, and October.
Based upon to the price in Bedford (cities), these have remained the same in the last 6 months. The average price for May is $281,160. During June the price had a slight fall till $243,160. During the following two months (July, August) the price has had an average incrementation from $262,160 to $282,564.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $325,817 they are 26 % more affordable than the average price for Bedford. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 1 bedroom priced at $241,407.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $128 / sq.feet, with an average $148 / sq.feet price in Bedford. The properties with the lowest average prices have 4 bedrooms. They are 8 % cheaper than the average followed by properties with 1 bedroom with a price at $128 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $325,817 it is 28 % cheaper than the average price in Bedford. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Duplex". At a price of $236,852 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $89 / sq.feet followed by "Condo" priced at $106 / sq.feet. "Apartment" is the cheapest type of property with a $136 / sq.feet value followed by "Duplex" with an average price of $109 / sq.feet.